Colonial House Capital Ltd Acquires 163,250 Shares of GrafTech International Ltd. (NYSE:EAF) Stock

GrafTech International Ltd. (NYSE:EAF) major shareholder Colonial House Capital Ltd purchased 163,250 shares of GrafTech International stock in a transaction on Monday, May 6th. The stock was acquired at an average cost of $1.81 per share, for a total transaction of $295,482.50. Following the acquisition, the insider now directly owns 30,411,113 shares of the company’s stock, valued at $55,044,114.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Colonial House Capital Ltd also recently made the following trade(s):

• On Friday, May 3rd, Colonial House Capital Ltd bought 533,009 shares of GrafTech International stock. The stock was purchased at an average cost of $1.77 per share, with a total value of $943,425.93.
• On Friday, April 26th, Colonial House Capital Ltd bought 179,279 shares of GrafTech International stock. The stock was bought at an average cost of $1.48 per share, for a total transaction of $265,332.92.
• On Tuesday, April 16th, Colonial House Capital Ltd acquired 2,303,599 shares of GrafTech International stock. The stock was purchased at an average cost of $1.78 per share, for a total transaction of $4,100,406.22.

GrafTech International Price Performance

Shares of EAF opened at $1.78 on Wednesday. GrafTech International Ltd. has a one year low of $1.18 and a one year high of $5.32. The stock’s fifty day moving average is $1.61 and its 200-day moving average is $1.94. The company has a debt-to-equity ratio of 24.74, a quick ratio of 1.91 and a current ratio of 3.73. The firm has a market capitalization of $456.48 million, a price-to-earnings ratio of -1.63 and a beta of 1.05.

GrafTech International (NYSE:EAF) last released its earnings results on Friday, April 26th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.08. The firm had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $125.73 million. GrafTech International had a negative net margin of 45.08% and a negative return on equity of 66.36%. GrafTech International’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) EPS. Equities analysts anticipate that GrafTech International Ltd. will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

EAF has been the topic of a number of recent research reports. UBS Group assumed coverage on shares of GrafTech International in a research report on Tuesday, January 16th. They set a “neutral” rating and a $2.00 price target on the stock. Citigroup reduced their target price on shares of GrafTech International from $4.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, January 10th. Royal Bank of Canada cut their price objective on GrafTech International from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research report on Friday, February 16th. Finally, BMO Capital Markets decreased their target price on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a research report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1.88.

Hedge Funds Weigh In On GrafTech International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EAF. Strategic Financial Concepts LLC bought a new position in shares of GrafTech International in the third quarter valued at $44,000. CWM LLC raised its position in shares of GrafTech International by 211.9% during the fourth quarter. CWM LLC now owns 14,000 shares of the company’s stock worth $31,000 after purchasing an additional 9,511 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of GrafTech International by 39.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 14,726 shares of the company’s stock valued at $56,000 after purchasing an additional 4,147 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in shares of GrafTech International in the 3rd quarter valued at $63,000. Finally, Jump Financial LLC purchased a new position in GrafTech International in the 3rd quarter worth about $72,000. 92.83% of the stock is owned by institutional investors.

GrafTech International Company Profile

GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. The company offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes and synthetic graphite.